This transaction
This purchaseThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Manufacture and sale of paper and paperboard products and household paper products
A loss on sale of shares in an affiliate is expected to be recognized in the consolidated financial results for the fiscal year ending March 2026. If it becomes likely that this will have a material impact on the consolidated financial results for the fiscal year ending March 2026, the company will disclose the matter promptly.
| Item | Details |
|---|---|
| Transaction name | This purchase |
| Counterparty name | Daio Paper Corporation |
| Name of the Subject Company | Daio Paper Corporation |
| Business Description of the Subject Company | Manufacture and sale of paper and paperboard products and household paper products |
| Location of the Subject Company | Chiyoda-ku, Tokyo |
| Capital Stock of the Subject Company | ¥53,884 million |
| Date of Establishment of the Subject Company | 5 May 1943 |
| Net Sales of the Subject Company | ¥668,912 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥9,807 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | -¥11,197 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥249,713 million (fiscal year ended March 2025) |
| Type of Consideration | Cash |
| Number of shares acquired | 11,000,000 shares; 122,400 voting rights |
| Voting rights ownership percentage | Before 24.83% → after 19.70% |
| Amount of extraordinary income (loss) | A loss on sale of shares in an affiliate is expected to be recognized; the amount is undisclosed. |
| Impact on Business Performance | A loss on sale of shares in an affiliate is expected to be recognized in the consolidated financial results for the fiscal year ending March 2026. If it becomes likely that this will have a material impact on the consolidated financial results for the fiscal year ending March 2026, the company will disclose the matter promptly. |
| Execution Date / Effective Date | 24 March 2026 (scheduled) |
Items this document does not state (15)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The shares were tendered to further deepen the strategic business alliance between the two companies and establish an equal capital relationship. In addition, after considering 北越コーポレーション's capital policy, various investments and shareholder return measures, as well as the potential impact on Daio Paper Corporation's share price, 北越コーポレーション tendered the shares following discussions with Daio Paper Corporation.